Are Hewlett-Packard’s Institutional Stockholders Supporting the Cloud-y Future?
In 2012, Hewlett-Packard Company’s (NYSE:HPQ) shares are down 13.39 percent. This past week, the company kicked off its annual HP Discover user conference in Las Vegas. It announced numerous new cloud computing offerings that emphasize a single architecture used with in-house and public clouds.
Steve Dietch, HP enterprise vice president for worldwide cloud operations said, “Regardless of whether we’re helping people build a cloud, or if a customer consumes cloud services from us, [what HP offers] is built on one architecture.”
In addition, Hewlett-Packard has updated software for managing cloud deployments, rolled out a new set of certificates and created a cloud-based service for the airline industry.
With its new cloud computing offerings, will Hewlett-Packard’s largest shareholders increase their positions? 1111 institutional firms indicated owning shares of Hewlett-Packard Company (NYSE:HPQ) in Q1 2012. These firms reported owning a total of 1.414 billion shares on 03/31/2012. The shares closed at $23.83 on 03/31/2012.
Here are the ten largest positions in Hewlett-Packard Company at the end of March 31st, 2012.
Dodge & Cox held 138,396,067 shares on 03/31/2012 worth $3,297,978,266. This brought the portfolio total to 4.23%.
State Street Corp held 109,207,117 shares on 03/31/2012 worth $2,602,405,590. This brought the portfolio total to 0.4%.
Vanguard Group Inc held 80,440,419 shares on 03/31/2012 worth $1,916,895,179. This brought the portfolio total to 0.26%.
Blackrock Institutional Trust Company N.A. held 50,973,101 shares on 03/31/2012 worth $1,214,688,993. This brought the portfolio total to 0.28%.
Alliancebernstein L.P. held 42,832,601 shares on 03/31/2012 worth $1,020,700,879. This brought the portfolio total to 1.03%.
State Farm Mutual Automobile Insurance Co held 42,070,800 shares on 03/31/2012 worth $1,002,547,161. This brought the portfolio total to 2.02%.
Capital Research Global Investors held 32,920,000 shares on 03/31/2012 worth $784,483,597. This brought the portfolio total to 0.33%.
Grantham Mayo Van Otterloo & Co. LLC held 28,376,157 shares on 03/31/2012 worth $676,203,819. This brought the portfolio total to 2.03%.
Hotchkis & Wiley Capital Management LLC held 24,579,908 shares on 03/31/2012 worth $585,739,206. This brought the portfolio total to 3.49%.
Northern Trust Corp held 23,314,031 shares on 03/31/2012 worth $555,573,357. This brought the portfolio total to 0.26%.
About the company: Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. The Company’s products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. Hewlett-Packard sells its products worldwide.
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